Interval Partners LP Buys Shares of 100,000 Ralph Lauren Co. (NYSE:RL)

Interval Partners LP bought a new stake in Ralph Lauren Co. (NYSE:RL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the textile maker’s stock, valued at approximately $18,776,000. Interval Partners LP owned approximately 0.16% of Ralph Lauren at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new position in Ralph Lauren in the 1st quarter valued at approximately $42,000. GAMMA Investing LLC acquired a new position in shares of Ralph Lauren in the 4th quarter valued at $45,000. EntryPoint Capital LLC acquired a new position in shares of Ralph Lauren in the 1st quarter valued at $63,000. Mather Group LLC. acquired a new position in shares of Ralph Lauren in the 1st quarter valued at $64,000. Finally, Headlands Technologies LLC acquired a new stake in Ralph Lauren during the 1st quarter worth $156,000. Institutional investors own 67.91% of the company’s stock.

Insider Transactions at Ralph Lauren

In related news, COO Jane Nielsen sold 67,243 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $171.25, for a total transaction of $11,515,363.75. Following the completion of the transaction, the chief operating officer now directly owns 44,591 shares of the company’s stock, valued at $7,636,208.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.50% of the company’s stock.

Ralph Lauren Price Performance

Shares of RL traded down $0.40 during mid-day trading on Tuesday, reaching $173.13. 538,113 shares of the stock traded hands, compared to its average volume of 943,198. Ralph Lauren Co. has a 1 year low of $108.60 and a 1 year high of $192.03. The company has a current ratio of 2.29, a quick ratio of 1.68 and a debt-to-equity ratio of 0.57. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.37 and a beta of 1.52. The firm has a fifty day moving average price of $176.77 and a 200 day moving average price of $171.25.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings data on Thursday, May 23rd. The textile maker reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.06. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Ralph Lauren had a net margin of 9.75% and a return on equity of 27.90%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, equities research analysts predict that Ralph Lauren Co. will post 11.09 earnings per share for the current year.

Ralph Lauren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.91%. Ralph Lauren’s dividend payout ratio is 33.95%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RL shares. UBS Group raised their price objective on Ralph Lauren from $244.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 16th. TD Cowen cut their price objective on shares of Ralph Lauren from $202.00 to $196.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Guggenheim reiterated a “buy” rating and issued a $200.00 price target on shares of Ralph Lauren in a research report on Friday, May 24th. Jefferies Financial Group started coverage on shares of Ralph Lauren in a research report on Tuesday, April 30th. They issued a “buy” rating and a $195.00 price target for the company. Finally, Argus reiterated a “hold” rating on shares of Ralph Lauren in a research report on Tuesday, July 2nd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.42.

Ralph Lauren Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.